Gold not yet Bullish

Gold not yet Bullish

Why is Gold not yet Bullish ?
Because we are not yet at support level and because indicators are still in bearish mode.
I expect Gold to be bearinsh for another week or two, but be carefull because XAUUSD has been working inside a bullish Up trend channel since newyear 2016/2017.
I recommend to go long when the shortterm bearish trend is over and go long when the bullish signals are taking over.
For beginners I always recommend to stay with the longterm trend – remember “The Trend is your Friend”.

Gold not yet Bullish